MAK Acquisition Corp. Closes US$100M IPO
MAK Acquisition Corp. has completed its oversubscribed initial public offering, raising US$100 million. Its units began trading today on the Toronto Stock Exchange (TSX) under the symbol MAK.V.
The MAK Acquisition Corp. IPO, underwritten by Canaccord Genuity Corp. with participation from CIBC Capital Markets, attracted strong participation from institutional investors across Canada. The transaction formally launches MAK Acquisition Corp. as a Special Purpose Acquisition Company (SPAC) focused on the technology, defence, and space sectors.
MAK Leadership
MAK’s leadership team brings extensive experience from two of Canada’s technology executives: Matt Proud, former CEO of Dye & Durham, and Avjit Kamboj, former CFO of Converge Technology Solutions and Dye & Durham. Together, they will guide the company in identifying and executing its first acquisition, bringing a track record of building and scaling successful technology companies.
Odyssey Trust & MAK Acquisition
As transfer agent and trust partner for MAK Acquisition Corp., Odyssey Trust Company supported the listing from launch to close.
“Odyssey is proud to play a role in supporting issuers like MAK as they attract institutional capital and bring innovation to the public markets,” said Jenna Kaye, Founder and CEO, Odyssey Trust Company.
Supporting Canada’s Innovation Economy
Odyssey Trust Company makes it easier for companies across North America to go public by providing transfer agent and trust services that simplify complex transactions like IPOs, SPACs, and corporate actions.
Learn how Odyssey helps issuers go public faster and more confidently.